Actuarial and Risk Advisory Services typically assists insurance clients on risk related challenges.
Our service assists insurance clients on risk related challenges.
Actuarial and Risk Advisory Services typically assists insurance clients on risk related challenges, actuarial related technical matters as well as other related issues such as pension provisioning or life settlement valuations.
Today’s insurers face a wide range of complex challenges, from navigating financial market uncertainty and evolving consumer demands to outpacing digitally savvy new competitors. While these factors may add new risk, they also present opportunities for insurers, reinsurers, and brokers, to rethink strategy, redesign financial and capital models, revamp sales, service and support processes with technology, or explore new growth in emerging markets or through product innovation.
Intensified regulatory scrutiny and enhanced compliance and capital requirements through Own Risk and Solvency (ORSA), IFRS and Solvency ll regimes are at the forefront. Tax Morality and Transparency rate high on the agenda. Modernizing technology and processes to derive value from the vast volume of data, securing the best talent from an ever shrinking pool, and driving efficiencies in front and back office operations will continue to challenge business models for several years to come.
KPMG’s acturial team, together with a multi-disciplinary insurance teams, led by partners and senior experts with deep industry and technical expertise emphasize collaboration and knowledge transfer to help ensure your organization is empowered for the future.